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20121223
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Search Results 0 to 19 of about 20 (some duplicates have been removed)
thank you. there are eight days now until the fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress's adjourned and president obama out of town some lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer the president's last offer split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues including tax rate hikes even though i don't like them, to get a-- to save the country from becoming greece tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> jeff: with christmas just two days away last minute gift guire-- buyers are out. today shopper track said saturday was the buse
until tomorrow. >>> solving the fiscal cliff. one millionaire says he is ready for his taxes to go up. his message to the 1%. >>> and we will have the legendary barry manilow join us later in this hour. he will tell us why a jewish boy is singing christmas caroles so much. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescript
before we go over that fiscal cliff and everybody's taxes go up. i'm sure a lot of us feel they shouldn't be taking time off. >> that's right. there's not a lot to celebrate now. let's bring in george stephanopoulos. great to see you, george. things are coming down to the wire. we just have a few days left. what are the odds they can come up with a deal especially republicans can't agree. >> there's not going to be a big deal. that's just not happening. those talks completely collapsed this week and ended once and for all when house speaker john boehner couldn't even pass his backup plan in the house on thursday. the only possibility right now would be some kind of a very small -- some measure that would just extend the tax cuts for everyone earning under $250,000. it should be a lot of protection for a lot of people, but even that is going to be difficult. you get it only if there's a promise not to filibuster that measure in the senate and the house speaker agrees to take it up. both of those questions are very open right now. >> a lot of open questions and high stakes for a lot of pe
the table. this is not part of the sequester or the fiscal cliff. this is a trillion dollar tax increase over the next decade that just hit. so there's a $20 billion to $30 billion over the next 10 year tax on medical devices that make stents of prosthetic devices -- >> all signed foo law by the president. >> law of the land, 90% of the tax increases to pay for obama care conveniently interestingly took effect, begin to take effect after the president got himself safely re-elected. if you're a poor person and have 7 1/2% of your adjustable gross income used up in medical costs, the president decided the democrats in congress voted to take that -- >> i get your point -- >> average americans who are very sick pay $2 billion to $3 billion more in taxes to pay for obama care. these are tax increases on the middle class, put there by obama. he wants you to talk about taxing the rich as he's busy socking it to the middle class? a luxury of a debate that washington may have, that folks like me on the ground in cities all across america don't have. i've got a balanced budget. but what we've had
this fiscal problem that exists, which is even if you resolve the fiscal cliff, we still have a fiscal problem is go in the middle and argue over both tax increases which everybody knows needs to go up in order to fix it and spending cuts and entitlements. >> it may not exist in washington. on your point about dogma, grover norquist, of course, you popularized the no tax pledge for many years. on this plan by the speaker which would have allowed taxes to go up, your group said it wasn't a tax increase and that still wasn't good tough for a lot of house republicans. >> look, let's understand, there is a plan to actually solve the debt that's been run up, the deficits to continue, the entitlement reform and tax reform to get more pro-growth, tax reform, and that's the ryan plan, which has actually passed twice by the house of representatives. people can talk -- >> no support from the president. it's not going anywhere. >> the democrats haven't done a budget in three, four year, haven't put anything forward that deals with entitlements. there's one and only one plan that has actually been passed
republic in washington state has the front-page story on the fiscal cliff called "tax hikes may not hit paychecks right away." it's about how it's already too late for employers to accurately withhold income taxes from january paychecks. and the reno sunday gazette journal has an article entitled "first person: buying a weapon at the reno gun show." the writer chronicles how he went to a gun show and bought a semiautomatic rifle in less than 30 minutes for under $600. the background check took 15 minutes. one gun seller told the reporter rifles similar to the one used in newtown were expected to double in price in the next 90 days. i just finished reading that article. pretty unbelievable. >>> a democratic president at a time of political upheaval passes a major gun-control act in the wake of several shooting tragedies. that may sound like president obama's plan for the next term, but it actually happened 44 years ago. >> today we begin to disarm the criminals and the careless and the insane. and all of our people who are deeply concerned in this country about law and order should hail
the fiscal cliff. what does that mean? every single american who pays income taxes will see a tax increase go into effect. we also know there will be a massive sequester. we just evaded the rule on the national defense authorization act, it will have a devastating impact on our national security. increasing taxes on working americans will create a scenario which will hinge on our ability to encourage the kind of domestic product growth that is important for us and for our economic security and overall national security. i think about my former california colleague, please, do what you can to ensure we do not have the sequester take effect. do what you can, and try to make sure hamas you address it and have what is necessary for our national security. as the look at these issues, we are going through a troubling time. we have a divided government. we have a democratic president and a republican house of representatives. i happen to believe that creates an opportunity. i did not vote for barack obama, but i do believe that having a president in one party and a house in another party does create
to go over the fiscal cliff, and was it easier for them to go ahead and just let the tax reductions expire and let the sequester take place? >> and by that are you saying you think you wanted the president to go over the fiscal cliff? >> harry reid. >> and if so, do the republicans get the blame, and do you think the president wants to go over the fiscal cliff? >> you know, republicans and democrats are going to get the blame for this. everybody is going to get the blame because it's a spending problem that has been decades in the making. when you look at the trajectory of how many has been spent in this country, you can go back 50, 60 years and see the articulation of where those dollars have been spent, see how that spending escalated coming through the '70s, back down a little bit with reagan, but not enough, and then, of course, when you reduce the taxes, you need to be reducing that spending, so the blame, there's -- there is plenty of blame to go around. i am really concerned that come january 1 you're going to see the taxes go up on people. you are going to see the obama care
in cuts. any hope of going over the fiscal cliff must start in the senate. not one democrat would support the idea that we could protect 99% of americans from a tax increase. boehner's plan b i thought made as soon as. to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a good day. i like simpson-bowles. the president is going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the public from a tax hike that, is not a tax increase in my book. chuck, maybe you and me and some other people in the senate can find a way to find this on the short term but on the long term there's not going to be a deal >> you think we're going to go over the cliff? >> i think we're going to fall out of the fiscal tree. the big chance at the big deal is at the debt ceiling. that's when we'll have leverage to turn the country around, prevent from becoming greece and save social security and medicare. to anybody listening, i will raise the debt ceiling only if we save medicare and social security from insolvency and prevent this country from be
. in august we passed a bill to extend all of the tax rates. we did deal with the fiscal cliff issues weeks have passed that. it's harry reid and the president that have yet to come up with something. if it was so easy, if they thought they had a solution to it, why didn't on friday they come to the table and actually pass something? the pressure is on them, what can they pass in the senate? >> harold, you know the politics of this but you also know the markets and how they've been reacting and wall street and corporate america more generally. is there new pessimism that we're, a, not going to get a deal and not solve the issue anyway? >> big disappointment. people outside of washington understand clearly. a couple hundred billion over ten years separating both sides. the question becomes can washington still govern itself? two, there's a realization we're in the middle of a small recovery. if we find ourselves not able to resolve this moment, it retards and slows and undermines what we see ourselves doing going forward. finally, for the life of me as someone who sfrd there, it was so distr
reporter john steinhauser for. >> americans are worried about the taxes if the nation falls off the fiscal cliff at the end of the year. seven of ten questioned in our poll says there will be major problems or a crisis in the country if that happens. >> part of what voters they were looking for is some compromise up here. that's what folks want. >> our poll indicates more americans want the republicans than the democrats to compromise more to reach bipartisan solutions. >> the democrat-controlled white house has no plan and offered no plan all year to deal with these looming cuts. >> but the public doesn't seem to agree and more people would blame republicans in congress rather than the president if no deal is reached. one reason why, more people see the views and policies of the gop rather than the democratic party as too extreme. that wasn't the case two years ago. if there's any good news in the poll for the republicans, it's this. a small majority say it's good for the country that the gop controls the house, which suggests the public doesn't want the democrats controlling everything h
tonight, fiscal cliff hanger, president obama calls on congress to act after christmas on a scale-down deal that would spare the middle class from tax hikes on the first of the year. the president met with harry reid and spoke with john boehner. is a grand bargain still possible when everyone is leaving town? >> a week from the shooting massacre that left 20 children and six educators dead, we have heard plenty of people calling for new gun control laws but very little from the national rifle association until now. in a bizarre news conference, the head of the nchl ra said the solution of gun violence in this country is simple, more guns. armed officers in every school. it is the same line we have heard before from the nra. has the country's relationship with guns fundamentally changed since newtown. what we saw last night from house republicans is yet another symptom of a real problem for the gop. they don't believe in compromise. they have lurnlged too far to the right. president obama tapped kerry to be the next secretary of state. let me finish with the great new movie about g
price of georgia to challenge john deere for the job. much more on what is next for the fiscal cliff. one week before we reach that point. the deadline is december 31, january 1. the president is in hawaii. the house and senate are also in set -- in session this week. elliot engel, weighing in on a number of topics, including rumors that former republican senator chuck a bill could be nominated as defense secretary. you heard from the president on friday as he nominated senator john kerry as secretary of state and the new speculation about chuckle over at the pentagon. here are the comments of congressman dingell, the incoming democratic member of the house foreign affairs committee. but there is a huge opposition to the potential nomination of chuckled to become the next secretary of defense, even the president obama has not made his decision. the former senator has come under fire for statements he has made, including one where he referred to the pro-israel lobby as the "jewish lobby." what is your reaction to that remark? >> i think that remark is a troublesome and problematic. it
from a fiscal cliff deal? how far? president obama said he and house speaker john boehner talked yesterday, it was their first conversation since monday, when the two sides offered up concessions on tax hikes for the wealthy, the president offered lower tax rates for people earning up $400,000 a year, and for computing entitled benefits. in his weekly address, boehner stood firm, his message for the president, the ball is in your court. >> the president and senate democrats have vowed to reject and veto all of our proposals and failing to offer responsible solutions of their own. when the president has offered so far will not do anything to solve our spending problem and address the crippling debt. and he refuses to challenge the members of his party to deal honestly with the entitlement reform and the big issues that are facing our nation. that is why we finds orz oursel here today. >> the president's christmas break in hawaii may be quick, he is planning to return to washington right after christmas, briana, live in hawaii, i'm wondering, we are talking about the fiscal cliff t
, but they can do some things that will avoid the worst consequences going over the fiscal cliff. i've talked to a lot of republican colleagues in the senate who are favorably incl e inclined toward the idea it to protect the middle class from the tax cuts. let's raise taxes on people over 250,000, and let's stop those terrible cuts in defense, homeland security, education, et cetera. >> not much time left. senator, after 24 years in the u.s. senate you are retiring, but you still have work to do. so i'm not going to say good-bye to you now, because i imagine we might speak to you again. >> i told my colleagues they're doing it to make sure those of us retiring this year work every last day of the term. we're going to spend new year's eve here i believe. >> thanks for the cheery note. thank you. good to see you. president obama is calling on the holiday spirit to avoid the fiscal cliff. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. >> but it may take more than divine inspiration. if so, this board gives me rates for . ere
with the country a week interest ligds off the fiscal cliff "the wall street journal" has a terrific reconstruction of how the talks collapsed. one point president obama reminded john boehner of the election results saying, you're asking me to accept mitt romney's tax plan. why would i do that? the general piece is packed with revealing details. boehner's backup bill dubbed plan b may have failed spectacularly on thursday night, never got to a vote, but t"the daily beast" had its own failure, reported that plan had passed plan b before correcting the error 15 minutes later. hillary clinton did not testify this week the a congressional hearings on the benghazi attack because she's recovering from a concussion suffered after she had fainted. some fox news commentators practically demanded she get a note from her doctor. >> she's suffering from acute benghazi allergy which causes lightheadedness when she hears the word benghazi or is being asked about it. >> how could she get a concussion when she's been ducking everything. this is what i don't understand. makes no sense to me. >> hillary clinton, i g
break. briana keiller joins us from honolulu. hello, briana. is this fiscal cliff deadline getting closer, what do we think will happen as the holidays rolls out here? >> reporter: well, there's one sort of last ditch effort possibility here, don, and that is when the senate reconvenes on the 27th, it's possible that either they could try to pass something and sort of force it on the house or it's possible that they could take a bill that they've already passed back in july with the threshold of those tax hikes being at the $250,000 level and that they could kind of say to the house, okay, now the ball is in your court. you have to deal with this, but it's still very much a possibility, don, that this doesn't work out, that we go over the fiscal cliff, and that was reflected today on the sunday shows from both democrats and republicans. take a listen. >> passing plan b, the other night, would not have changed the outcome. we were going to go over the cliff before. we're going to go over the cliff now because it's what the president wants. you cannot negotiate with someone who does
Search Results 0 to 19 of about 20 (some duplicates have been removed)